IMF Approves New Credit Program for Ukraine
10.06.2020On Tuesday, June 9, the International Monetary Fund (IMF) has approved a new credit program for Ukraine worth USD 5 billion with the first tranche of USD 2.1 billion.
The IMF has said this in a statement, Ukrainian News Agency reports.
The program is scheduled for the period of 18 months.
The funds will ensure social protection of the population, allow taking measures to prevent the spread of the coronavirus infection in Ukraine, and ensure timely payment of debt obligations.
The stand-by program is focused on a key task to support macroeconomic and financial stability, and cover the fields of fiscal policy, monetary policy, financial sector policy, energy, and anti-corruption policy.
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